Bitcoin will plummet to $10 by first half of 2014

[Adrian-x]

And to Mark Williams: ...academic who most likely doesn't know how your computer powers on.

Professor Bitcoin aka Mark Williams has admitted to owning Bitcoin last week, while his prediction remains unretracted.


http://www.reddit.com/r/Bitcoin/comments/221vse/professor_bitcorn_strikesagain/cgimlm8.

The double standard leads me to concluded he has FUD but believes we are in a down trend.

Professor Bitcoin is my benchmark for calling the top and we may have seen it if he has bought Bitcoin.

[boumalo]

We are in April 2014 and bitcoin is around $450,so very very very bad prediction!

yeah bad but I'll say not so bad for predicting the downfall ..!

A problem with the protocol, internet or cryptography has to happen for BTC to fall at 10$
30% drop is not the same as a 99% drop!!

[ensarwyckven]

As long as current and new investors continue to show renewed interest in Bitcoins, the value and price will go up.

[johnytelevision]

I love when people predict plummet of a price based on nothing.

[RodeoX]

I love when people predict plummet of a price based on nothing.

In defense of stupidity, much of human history was also baseless. The great civilizations from the past used sheep entrails, or consulted the Oracle of Delphi (who was a drugged up teenager). 

[Swordsoffreedom]

I love when people predict plummet of a price based on nothing.

In defense of stupidity, much of human history was also baseless. The great civilizations from the past used sheep entrails, or consulted the Oracle of Delphi (who was a drugged up teenager). 

True enough and most forecasts fail and almost all do actually so trying to get it right is pretty difficult

[Bit_Happy]

Bitcoin will plummet to $10 by first half of 2014
Running out of time, then this goes into the trash.

[KeyserSoze]

The act of telling people is as useless as yelling at the TV to make your football team play better.

I can confirm yelling at the TV does work. Also, "that feeling" you get when you see a certain 3 digit number over and over -- this number does actually hit every time when playing lottery but only if you've had "the feeling" first. In addition, there is a Heaven (but the only soul in residence is Fred Phelps).

[ensarwyckven]

Bitcoin was the first altcoin to be used on a widescale basis. As long as it's one of the most widely used altcoins, its price and value should remain high.

[Swordsoffreedom]

Bitcoin will plummet to $10 by first half of 2014
Running out of time, then this goes into the trash.

More than a few sighs of relief will be had when that occurs although the fact that the price has been dropping for a while does mean it goes to the trash with distinction lol.

[amano]

Bitcoin will plummet to $10 by first half of 2014
Running out of time, then this goes into the trash.

We're just levelling out from the previous high, that's all. As long as we stay above the high of the peak before that (266$ if I'm not mistaken, give or take a few since prices differ at different exchanges), we should be fine.
With all the positive buzz going on (Bitcoin ATMs popping up all over the place, Wall Street is not too far off, some quite big stores accepting bitcoin , ..), I doubt that we will see the trend broken.
Sure, China weighs in on the bad news, but that bad that we're going back to 10 ? Don't think so ...

[atp1916]

Hold the line, bulls.

Remember your history on previous "crashes".

Bitcoin has always come back, and this time is no different.

[Nxtblg]

In defense of stupidity, much of human history was also baseless. The great civilizations from the past used sheep entrails, or consulted the Oracle of Delphi (who was a drugged up teenager). 

So I can get the same quality of advice by strolling over to the nearest high school! 

[byt411]

We are in April 2014 and bitcoin is around $450,so very very very bad prediction!

Prices just fell 10%, we are at $410-$400 now :3
http://www.coindesk.com/bitcoin-price-crashes-chinese-exchanges-stop-bank-deposits/

[dailey123]

409$ on btc e lol very close maybe your right about your 400

[coerdy]

Btc will not survive, offcourse everyone will remember the value of bitcoin, but more and more governments will ban bitcoin and shutdown the transaction betwee their national banks as Australia did now.

Open your eyes guys, Btc has lost , the world leaders always win, didn't you know that ?

Even if there are ATM's in each country, and company's acception BTC, it's not enough to keep the value up.


So it will never become what everyone thought it would be.

[lalakies23]

Bitcoin dies today.

Check BTC-E....

[Adrian-x]

Bitcoin dies today.

Check BTC-E....

Bitcoin died in 2011 when it fell almost 2000% to under $2. This is a 15% drop, wake me when it gets near $10.

[ABitBack]

Of course banks are going to ban bitcoin exchanges, it's a rising and growing competitor. I like how we can buy what we want with bitcoin

[byt411]

Of course banks are going to ban bitcoin exchanges, it's a rising and growing competitor. I like how we can buy what we want with bitcoin

US: AML laws to make people scared of Bitcoin ATMs, making them think that all the identification needed will steal their identity.
China: Scare the wits out of people by spreading rumors of banning bitcoin.
EU: Just wait.